Future Consumer Limited announced the appointment of Mr. Rajnikant Sabnavis as an Additional Non-Executive Director with effect from 13th February, 2023, to hold office upto the date of the next Annual General Meeting of the Company. Mr. Rajnikant Sabnavis holds Master Degree in Business Administration from S P Jain Institute of Management, Mumbai and Bachelor Degree in Mechanical Engineering from National Institute of Technology, Surathkal. Mr. Rajnikant Sabnavis is an experienced FMCG professional and has spent his career in both Indian and Multinational business.

He was associated with Hindustan Unilever Limited for almost 23 years holding major leadership position. He has also been in the past associated with Jyothy Laboratories serving as Chief Operating Officer. Mr. Rajnikant Sabnavis is past Member of the Executive Committee- HICA (Household Insect Control Association) and CH- FMCG.

His last association has been with Grasim Industries Limited in the capacity of Chief Marketing Officer and Member of Executive Committee. He has also served as Co-Chair of the Textile Committee of FICCI. Mr. Rajnikant Sabnavis has been previously associated with the Company as the Chief Executive Officer during the period from December, 2019 till November,2020.

Further, in terms of the confirmation received by the Company, this is to affirm that Mr. Rajnikant Sabnavis is not debarred from holding the office of director by virtue of any SEBI Order or any other such authority. Mr. Rajnikant Sabnavis is not related to any Director of the Company.